A New Rumor Surfaces in South Korea claiming that Apple and LG are Collaborating on a future Foldable iPhone
12 October, 2017, 16:22
Amid Samsung's near monopoly in mobile OLED production, Apple has been strengthening its partnership with LG Display, its long-time LCD partner. Other info indicated that the Galaxy X (Samsung's foldable phone) will be manufactured in very limited quantities and be sold in Korean shores only.
Although Samsung is still expected to supply OLED panels for Apple's 2018 iPhones, LG, which recently started OLED production for phones at Chinese plant, is reportedly planning to supply iPhone panels from 2019 onwards.
Interestingly, the report says Apple has chosen to work with LG on the project instead of Samsung.
A display which folds completely in half could see a new generation of smartphones which fold open to the size of small tablets, although it is yet to be seen if such a mechanism would be compact and attractive enough for Apple's notoriously high standards.
A report by The Investor, claims that the production of the panels will start from 2020.
If this year's bezel-less iPhone X didn't impress you, Apple has something else up its sleeve to dazzle you in the future. Now Apple is seen moving to LG with foldable panels.
On average, analysts expect that Apple will report full year earnings of $8.94 per share for the current year, with EPS estimates ranging from $8.64 to $9.33. However, let's not forget that we've been hearing rumors of foldable phones for quite some time, and there's no sign that one will be ready for consumers any time soon, let alone only three years from now.
Because Apple and Samsung are two of the world's biggest manufacturers, every other smaller company would likely follow their lead, which means if they are indeed going to release their respective foldable phones, the smartphone design landscape is going to get a lot more interesting going forward.
The rating was maintained by Argus Research with "Buy" on Tuesday, October 20. (NYSE:HON) rating on Wednesday, April 26. Deily sold 4,344 shares of the company's stock in a transaction dated Monday, August 7th. (NYSE:HON) on Monday, May 8.
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